Power Integrations (POWI) Scheduled to Post Quarterly Earnings on Tuesday

Power Integrations (NASDAQ:POWI) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Power Integrations to post earnings of $0.12 per share for the quarter. Power Integrations has set its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $89.51 million during the quarter, compared to analyst estimates of $90.21 million. Power Integrations had a net margin of 12.54% and a return on equity of 6.46%. On average, analysts expect Power Integrations to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Power Integrations Stock Performance

Power Integrations stock opened at $68.60 on Friday. Power Integrations has a fifty-two week low of $62.13 and a fifty-two week high of $99.60. The stock’s 50 day simple moving average is $69.50 and its two-hundred day simple moving average is $74.26. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 70.72 and a beta of 1.20.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. Power Integrations’s dividend payout ratio is presently 82.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on POWI. TD Cowen boosted their target price on shares of Power Integrations from $65.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, February 9th. StockNews.com upgraded shares of Power Integrations from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Benchmark raised their target price on shares of Power Integrations from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Northland Securities raised Power Integrations from an “under perform” rating to a “market perform” rating and set a $67.00 price target on the stock in a research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.17.

Insiders Place Their Bets

In related news, CEO Balu Balakrishnan sold 9,799 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $68.61, for a total value of $672,309.39. Following the transaction, the chief executive officer now directly owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Balu Balakrishnan sold 9,799 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $68.61, for a total transaction of $672,309.39. Following the sale, the chief executive officer now owns 552,161 shares of the company’s stock, valued at approximately $37,883,766.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Doug Bailey sold 822 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $73.96, for a total transaction of $60,795.12. Following the transaction, the vice president now directly owns 99,106 shares of the company’s stock, valued at $7,329,879.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,411 shares of company stock valued at $4,203,262. Insiders own 1.70% of the company’s stock.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.